Hand out No.2. September 09, 2013. Natural Resource Endowment of the Province explored for the welfare of the people: CM KP The Chief Minister of Khyber Pakhtunkhwa Parvez Khttak has said that the province of KP is endowed with rich natural resources of Oil ,Gas and Hydro potentials and his government will make every effort in get maximum out put from these sources. Presiding in a high level meeting held at KPk house in Islamabad, the chief minister approved restructuring the administrative framework of government owned OIL& gas Company as well as the Pakhtunkhwa Hyle-power Development Organization (PHYDO). The restructuring will facilitate quick decision making and hiring of key technical and administrative human capital on market based salaries. The KP government will also put sizable investment in its financial obligations for achieving the physical goals and attracting ample Foreign Direct Investment (FDI) in the three sectors of oil, gas and hydro power. Earlier meeting representatives from MOL Pakistan Oil & gas Co, lead by Ali Murtaza Abbas political advisor met with the chief minister and presented a brief on the company’s performance in KP. MOL Group a leading integrated oil & gas group in Central & Eastern Europe headquartered in Hungary, is a market leader in each of its core activities in Hungary, Slovakia & Croatia. MOL Pakistan as operator of TAL Block has six successive discoveries to its credit. These are Manzala, Makori-1Mami-Khel-1, Maramzai-1, Margalla and Karak.Leasing of a few sites is yet in the process of approval at Federal Government.The Chief minister was informed that the company is producing 306mmscftd which is sufficient to meet the requirements of KPK.while the Oil exploration is 15500 barrels per day.MOL Has set up new plant starting production of 300MTons of LPG in early next year. This will give a substantial relief to the LPG consumers. Pervez Khattak appreciated various social responsibilities being met by MOLPakistan. The participants of the meeting ware informed that MOL was awarding merit scholarship for talented & deserving students, providing medical services andd organising free Medical & Eye camps at the various locations of area of operations. It has also contributed to a large number of water supply & purification scheme & sanitation in various villages andd construction & improvement of Infrastructure. It is also involved in construction of schools and provision of examination halls, construction of roads & pavements, construction of basic health units & medical wards, construction of mosques etc. With regard to environmental protection, the Company has launched plantation campaign in collaboration with district government authorities. While it was also promoting sports activities for the community including the physically handicapped individuals and their rehabilitation & relief activities for IDPS. (ends).
Posted on: Fri, 04 Oct 2013 07:21:54 +0000